{"id":11464,"date":"2010-07-16T14:06:02","date_gmt":"2010-07-16T12:06:02","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11464\/us-production-should-damp-gas-price-outlook\/"},"modified":"2010-07-16T14:06:02","modified_gmt":"2010-07-16T12:06:02","slug":"us-production-should-damp-gas-price-outlook","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11464\/us-production-should-damp-gas-price-outlook\/","title":{"rendered":"US Production should Damp Gas Price Outlook"},"content":{"rendered":"

Natural gas price stays at a 1-week high after yesterday's rally. However, the decline from around $5.2 in mid-June remains intact and huge production in the US should continue to weigh on price. The US Energy Department (EIA) reported that gas inventory rose +78 bcf to 2840 bcf in the week ended July 9. Stocks were -33 bcf less than the same period last year and +274 bcf, or +10.7%, above the 5-year average of 2566 bcf. The market is thrilled by the lower-than-expected increase in inventory pushed gas price to 4.623, the highest level in a week, before settling at 4.586, up +6.5%.<\/p>\n

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\nUS Production should Damp Gas Price Outlook<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Natural gas price stays at a 1-week high after yesterday's rally. However, the decline from around $5.2 in mid-June remains intact and huge production in the US should continue to weigh on price. The US Energy Department (EIA) reported that gas inventory rose +78 bcf to 2840 bcf in the week ended July 9. Stocks were -33 bcf less than the same period last year and +274 bcf, or +10.7%, above the 5-year average of 2566 bcf. The market is thrilled by the lower-than-expected increase in inventory pushed gas price to 4.623, the highest level in a week, before settling at 4.586, up +6.5%. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11464","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=11464"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11464\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}